{"id":572,"date":"2025-08-22T12:03:47","date_gmt":"2025-08-22T12:03:47","guid":{"rendered":"https:\/\/pierag.com\/?p=572"},"modified":"2025-08-22T12:03:47","modified_gmt":"2025-08-22T12:03:47","slug":"managing-transformation-project-from-gcc","status":"publish","type":"post","link":"https:\/\/pierag.com\/US\/managing-transformation-project-from-gcc\/","title":{"rendered":"Managing transformation project from GCC"},"content":{"rendered":"<h2>Scope of Work<\/h2>\n<ul>\n<li>Define the problem statement in sufficient detail<\/li>\n<li>Set up a project charter to ensure the project meets its purpose<\/li>\n<li>Set up a Project team to work in close coordination with Technology to ensure progress on the problem statement<\/li>\n<li>Own the role of the Product Owner for the global project from the GCC<\/li>\n<\/ul>\n<h2>Challenges<\/h2>\n<ul>\n<li>Clear definition of the problem statement and conclusion on the 272 unique issues defined as part of the project<\/li>\n<li>Understanding the role of different sub-processes as part of the overall trading finance business unit in a highly regulated regime<\/li>\n<li>Bridging the perspectives between Business, Finance, and Technology teams<\/li>\n<li>Influencing senior leaders including Business CFO and COO for project funding<\/li>\n<li>Availability of best talent for the transformation<\/li>\n<\/ul>\n<h2>Solution<\/h2>\n<ul>\n<li>Function Lead assumed role of the Global Product Owner to demonstrate accountability<\/li>\n<li>Created a pool of talented team members from the function to meet different roles of the Project<\/li>\n<li>In-depth understanding of the different sub-processes of the trading business to provide the right scalable solution<\/li>\n<li>Effective collaboration with Technology to define requirements for the business problem statements<\/li>\n<\/ul>\n<h2>Benefits<\/h2>\n<ul>\n<li>Defined clear ROI from the project to justify project funding<\/li>\n<li>Defined the problem statement, which had been pending for 5 to 7 years<\/li>\n<li>Removing manual interventions resulted in FTE reduction of 10% for the function over a span of 2 years<\/li>\n<li>Base work completed to lay the foundation for a broader finance future state program<\/li>\n<li>Teams in GCC became familiar with driving large-scale transformation projects in a banking environment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>2-3 Min Read<\/p>\n","protected":false},"author":1,"featured_media":768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-case-studies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - 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